Bostonians enjoyed a brief window of low insurance premiums from 2008 to early 2012, when Massachusetts opened the state to competition. Since early 2012, however, auto insurance rates have been steadily rising. Boston is currently the 44th most expensive city to buy auto insurance in, with an average yearly insurance rate of $1,361. Massachusetts, with an average yearly insurance of $1,625, is the 14th most expensive state to buy insurance in.
In this feature, we will examine the auto insurance rates of the eight most popular cars in the state: Toyota’s Corolla and Camry, Nissan’s Altima, Honda’s CR-V, Civic and, Accord, Ford’s F-Series, and Chevrolet’s Silverado.
The Honda CR-V, one of the most popular compact SUVs from Honda, has an average yearly insurance rate of $1,124 in Boston, which is the lowest among all the cars. The Chevrolet Silverado, on the other hand, has an insurance average of $1344, which is the highest among the cars on the list.
Nissan’s Altima, another hot customer favorite, has an average yearly insurance rate as high as $ 1,330. The Honda Civic, Honda’s compact car, has an insurance average of $1,225, while the insurance average of the Honda Accord is $1,217. Among the Honda cars, the Civic is, therefore, the most expensive to insure in Boston.
Of Toyota’s two cars –the Corolla and the Camry – there is merely a difference of $15 between the average insurance rates. While the insurance average of the Corolla is $ 1,195, it costs $1,210 to insure the Camry in Boston.
The average yearly insurance of the Ford F-Series is $1,207.
The auto insurance rates in Massachusetts are reportedly higher than they were before the government deregulated the insurance industry. Insurance companies have been known to increase premiums several times a year. This may affect you even more if there are other factors contributing to raising your premiums, e.g. your driving record, high number of claims, or age, etc.